William Cohan | Chilton takes a parting shot at Wall Street's abuses

8:07 PM,
Dec. 26, 2013

Bart Chilton

Written by

William D. Cohan
| Bloomberg News

After almost 30 years in Washington, Bart Chilton will soon be taking his leave. For the past 6˝years, he has been an outspoken member of the Commodity Futures Trading Commission, one of the financial industry's most important regulators.

Chilton leaves behind a sobering message: As we long suspected, Wall Street continues to use every trick in its playbook to do whatever it can to eviscerate numerous post-financial-crisis rules. The arsenal includes high-powered lobbyists who outnumber lawmakers 10-to-1; $1,000-an-hour letter-writing lawyers who gain strength from negotiating ...